(AXSM) On The My Stocks Page

June 10, 2024, 00:20 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AXSM

• Buy AXSM slightly over 65.91 target 76.96 stop loss @ 65.72 Details

The technical summary data tells us to buy AXSM near 65.91 with an upside target of 76.96. This data also tells us to set a stop loss @ 65.72 to protect against excessive loss in case the stock begins to move against the trade. 65.91 is the first level of support below 73.9 , and by rule, any test of support is a buy signal. In this case, support 65.91 would be being tested, so a buy signal would exist.

• Short AXSM slightly under 76.96, target 65.91, stop loss @ 77.18 Details

The technical summary data is suggesting a short of AXSM as it gets near 76.96 with a downside target of 65.91. We should have a stop loss in place at 77.18though. 76.96 is the first level of resistance above 73.9, and by rule, any test of resistance is a short signal. In this case, if resistance 76.96 is being tested, so a short signal would exist.

Swing Trading Plans for AXSM

• Buy AXSM slightly over 75.01, target 76.96, Stop Loss @ 74.79 Details

If 75.01 begins to break higher, the technical summary data tells us to buy AXSM just slightly over 75.01, with an upside target of 76.96. The data also tells us to set a stop loss @ 74.79 in case the stock turns against the trade. 75.01 is the first level of resistance above 73.9, and by rule, any break above resistance is a buy signal. In this case, 75.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AXSM slightly near 75.01, target 72.62, Stop Loss @ 75.23. Details

The technical summary data is suggesting a short of AXSM if it tests 75.01 with a downside target of 72.62. We should have a stop loss in place at 75.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AXSM

• Buy AXSM slightly over 75.01, target 75.66, Stop Loss @ 74.84 Details

If 75.01 begins to break higher, the technical summary data tells us to buy AXSM just slightly over 75.01, with an upside target of 75.66. The data also tells us to set a stop loss @ 74.84 in case the stock turns against the trade. 75.01 is the first level of resistance above 73.9, and by rule, any break above resistance is a buy signal. In this case, 75.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AXSM slightly near 75.01, target 73.65, Stop Loss @ 75.18. Details

The technical summary data is suggesting a short of AXSM if it tests 75.01 with a downside target of 73.65. We should have a stop loss in place at 75.18 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Axsome Therapeutics Inc. (AXSM) available here: AXSM.

AXSM Ratings for June 10:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	65.91
P2	73.65	72.62	76.96
P3	75.66	75.01	88.45

AI Generated Signals for AXSM

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Trading or Investing in Axsome Therapeutics Inc. (NASDAQ: AXSM) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AXSM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AXSM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AXSM too.  All of these are offered below the Summary Table.